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As the financial services industry looks to implement changes in their procedures to comply with the revised Anti-Money Laundering Regulations which came into effect earlier this month, a new seminar aims to quickly bring all professionals up to speed on the changes.

The Cayman Islands financial services industry offers many great career opportunities for Caymanians. The industry currently employs around 4,000 Caymanians. But in a country where financial services makes up more than half of the country’s GDP, and half of all government revenues, we can encourage even greater participation within the sector by increasing exposure to the many types of services and career opportunities in the sector.

A new seminar series is being launched to give participants insights into the working of the country’s financial services industry.

The two part seminar is being organized by FTS, a local consulting company, and brings together experts from the financial services industry who will introduce several industry areas including banking, trusts, hedge funds and captive insurance, among others.

“It’s the perfect first step to learning more about the various financial services, how they work and why clients use them”, Paul Byles, Director of FTS, said.

EU President Donald Tusk holds the letter invoking Article 50 of the Lisbon Treaty from the U.K. CREDIT: Bloomberg photo by Jasper Juinen.

The current consensus on the possible impact of Brexit on the Cayman Islands and indeed the Caribbean is simply that it all depends on the final Brexit deal negotiated between the U.K. and the EU. But there are a number of reasonable implications and we need to prepare for them.

A so called “hard Brexit” is by all accounts the more likely scenario if we are to believe the most recent reports, suggesting that when the ink dries on the U.K.’s deal to exit deal the EU, there will be immediate consequences for everyone. “Hard” also implies that the negotiations will be tough, and that means not only tough in terms of legal, trade and regulatory considerations, but also in terms of political ramifications.

A unique seminar aimed at helping local financial services firms deal with regulatory inspections from CIMA will be held at the Kimpton Resort on April 20th.

The seminar features an expert panel featuring industry professionals and senior members of CIMA’s onsite inspection team and is aimed at helping CEOs and compliance staff better understand how to prepare for and deal with issues surrounding CIMA inspections.

A unique seminar aimed at helping local insurance firms prepare for regulatory inspections from CIMA

About FTS

FTS is a management consulting and training solutions company, located in the Cayman Islands, with a focus on the financial services industry.
FTS has a strong management consulting pedigree and is owned and managed by a former head of consulting at a big four firm.